The cryptocurrency market saw a significant turnaround yesterday, with Bitcoin leading the way by surging above $67K. This increase came after a slow start to the day and a notable decline in the morning. Despite this, buyers came in strong and pushed Bitcoin’s price up by around 5% for the day.
Although Bitcoin reached a high of $67,400 on Bitstamp, it has since dipped slightly to $66,600. However, this performance is still impressive, and there is speculation that the bulls may be preparing for a new rally towards the $70K mark. On an hourly view, the price appears to be on an upward trend, raising questions about whether it will reach $70K next.
But it’s not just Bitcoin that is experiencing gains – the entire market is in a sea of green. Major altcoins have also seen significant increases in value. Some standout performers include DOGE, SOL, AVAX, and NEAR, all of which have shown gains ranging from 5.4% to 7.3%. SEI and ORDI are leading the pack today with gains of 18.5% and 16.4%, respectively. Even memecoins like POPCAT and BONK have seen increases of 16% and 13.2%.
What’s particularly interesting is that all of the top 100 cryptocurrencies by market capitalization are showing gains, indicating the overall strength of the market over the past 24 hours.
In addition to these developments, there are also special offers available for crypto traders. For example, Binance is offering a $600 exclusive welcome offer for new users who register through a specific link. Meanwhile, BYDFi Exchange is providing a welcome reward of up to $2,888 for those who register and open a 100 USDT-M position for free.
As always, it’s crucial to conduct thorough research before making any investment decisions in the cryptocurrency market. The opinions expressed in this article are those of the quoted writers and do not necessarily reflect the views of CryptoPotato. Use the information provided at your own risk and refer to the Disclaimer for more details.